Podcast
Questions and Answers
Which level of strategy involves decisions about the organization as a whole?
Which level of strategy involves decisions about the organization as a whole?
- Operational level strategy
- Corporate level strategy (correct)
- Business level strategy
- Functional level strategy
Who is responsible for formulating Corporate level strategy?
Who is responsible for formulating Corporate level strategy?
- Functional managers
- Business level managers
- Senior executives & other Corporate staff (correct)
- Operational managers
What does the Business level strategy involve?
What does the Business level strategy involve?
- Decisions about corporate vision and mission
- Decisions about the organization as a whole
- Decisions about the strategic business unit (SBU) (correct)
- Decisions about specific functional areas
What is the purpose of a corporate vision according to the text?
What is the purpose of a corporate vision according to the text?
Who encouraged the Operational Level Strategy according to the text?
Who encouraged the Operational Level Strategy according to the text?
What are the four key elements of the strategic management process?
What are the four key elements of the strategic management process?
Who formulates Corporate level strategy according to the text?
Who formulates Corporate level strategy according to the text?
What does the Business level strategy involve according to the text?
What does the Business level strategy involve according to the text?
Who is responsible for developing annual objectives and short term strategies at the Functional (Operational) Level according to the text?
Who is responsible for developing annual objectives and short term strategies at the Functional (Operational) Level according to the text?
What is the purpose of a corporate vision according to the text?
What is the purpose of a corporate vision according to the text?
What are the hierarchial levels of strategy mentioned in the text?
What are the hierarchial levels of strategy mentioned in the text?
Who sets objectives, analyses internal & external environment, and formulates strategies at the Corporate level?
Who sets objectives, analyses internal & external environment, and formulates strategies at the Corporate level?
What are the four key elements of the strategic management process mentioned in the text?
What are the four key elements of the strategic management process mentioned in the text?
What does the Business level strategy involve according to the text?
What does the Business level strategy involve according to the text?
Who is responsible for developing annual objectives & short term strategies at the Functional (Operational) Level?
Who is responsible for developing annual objectives & short term strategies at the Functional (Operational) Level?
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